If a stock was purchased in January 2009 for $1,000 and sold in December 2010 for $3,000,a ________ of $2,000 results.
A)long-term capital gain
B)short-term capital gain
C)long-term capital loss
D)short-term capital loss

Question

Quizplus · Accepted Answer

A long-term capital gain of $2,000 results from the sale of the stock, as it was held for more than a year (January 2009 to December 2010).

If a Stock Was Purchased in January 2009 for $1,000